Tokyo Apartment Sales in December 2019

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of December 2019:

Building Sold Price
(USD/sq.ft) Days Listed Discount
Wellith Daikanyama Sarugakucho (2013)
/sq ft
326 3.4%

Wellith Daikanyama Sarugakucho is a 3-story luxury apartment building located in the heart of the trendy and laid-back Daikanyama neighborhood in Shibuya. When apartments went on sale in 2013 the average price was around 1,845,000 Yen/sqm. More recent resale pricing ranges from 2,500,000 ~ 3,000,000 Yen/sqm. This was a spacious penthouse apartment with roof terrace. It sold for approximately 40% more than it’s price when brand new.

Park Court Chiyoda Fujimi The Tower (2014)
/sq ft
80 2.4%

Park Court Chiyoda Fujimi The Tower is a 40-story apartment building located close to Iidabashi Station in Chiyoda-ku. When sales began in late 2012 the average price of a new unit was around 1,435,000 Yen/sqm. The entire building had sold out by early 2013, 12 months prior to completion. Despite having 505 units, there are currently just 2 sale listings priced between 2,177,000 ~ 2,371,000 Yen/sqm. This was a south-east-facing apartment on a mid floor. This has been the most expensive reported resale in this building on a price-per-square-meter basis to date. It sold for 2.7% more than an identical apartment a few floors up sold for just a few months prior.

Park Court Azabujuban The Tower (2010)
/sq ft
30 0%

Park Court Azabujubam The Tower is a 36-story high rise in the Azabu Juban area with concierge, gym, guest suite and resident lounge. Current asking prices in this building are around 2,185,000 Yen/sqm. The average sale price in 2019 was 1,940,000 Yen/sqm, up 2.6% from 2018 (1,890,000 Yen/sqm) and up 6.3% from 2017 (1,825,000 Yen/sqm). This was a south-facing apartment on a high floor. It has been the second highest reported resale on a price-per-square-meter basis in this building to date. It sold for approximately 38% more than an identical apartment a few floors down sold for in 2014.

Akasaka Tower Residence (2008)
/sq ft
57 0%

Akasaka Tower Residence Top of the Hill is a 45-story luxury apartment building with concierge, rooftop deck and cafe, library, lounges and guest suites.  Despite having 521 apartments in the building, only 8 were available for sale as at the end of December 2019. Of those, 4 were leased to tenants with an average gross yield of 3.0%. The current asking price in this building is around 2,258,000 Yen/sqm. The average resale price in 2019 was 2,168,000 Yen/sqm, up 2.3% from 2018 (2,119,000 Yen/sqm) and up 13.2% from 2017 (1,915,000 Yen/sqm). This was a compact-sized apartment on a low floor.

Forest Terrace Shoto (1999)
/sq ft
72 4.8%

Forest Terrace Shoto is a low-rise, luxury development of just 26 residences. It was developed by Mori Building in 1999. This has been just 1 of 2 publicly reported sales in this building, as many transactions go unreported. This was a spacious two-bed, two-bath unit on the top floor.

Arisugawa Parkhouse (2008)
/sq ft
207 0%

Arisugawa Parkhouse is a luxury, low-rise complex in the high-end Motoazabu neighborhood in central Tokyo. With just 23 units in the 6-story building, there is always limited availability. This apartment sold for 11% more than it previously traded for in 2017 and has been the most expensive reported resale in this building on a price-per-square-meter basis to date.

The Parkhouse Nishiazabu Residence (2014)
/sq ft
47 0%

The Parkhouse Nishiazabu Residence is a 24-story high-rise located a 6 min walk from Hiroo Station and 12 min walk from Roppongi Station. When new, apartments had an average price of around 1,300,000 Yen/sqm. Current asking prices in this building average 1,774,000 Yen/sqm. The average resale price in 2019 was 1,824,000 Yen/sqm, up 5.4% from 2018 (1,730,000 Yen/sqm) and up 12.9% from 2017 (1,615,000 Yen/sqm). This apartment sold for approximately 14% more than an identical one a few floors up sold for in 2015.


About the data:

  • The data is based on information supplied to REINS by agents.
  • This information is voluntarily provided, and not all transactions are recorded.
  • Japan Property Central cannot guarantee the accuracy of the information provided.
  • The discount, for example, is based on the last advertised listing price at the time of sale, rather than the original list price.
  • Some listings are constantly updated, so the days listed between listing on REINS and final sale may not be accurate. The days listed are also based on the day that the agent registered the property as being sold, which is sometimes done on the day of the contract signing, settlement or even later if the agent forgets to update the listing.
  • Not every sale is reported above.
  • Price per square meter or per square foot is calculated based on apartment’s internal floor area and does not include balconies, car parks or common areas.
  • Exchange rate is at the time of publishing the article and is subject to change (1 USD: 108.08 Yen).

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